AFL CODE-DOUBLE PSYCHOLOGY INDEX

 

A_SECTION_BEGIN("Double PsychIndex");

LookBack1= Param("Number of lookback periods 1",7, 2, 100);

LookBack2= Param("Number of lookback periods 2",12, 2, 100);

UThreshold= Param("Upper threshold (%)",70, 0, 100);

LThreshold= Param("Lower threshold (%)", 30,0, 100);

UpDay= Close > Ref(Close,-1);

PsychIndex1= 100*Sum(UpDay,LookBack1) / LookBack1;

PsychIndex2= 100*Sum(UpDay,LookBack2) / LookBack2;

Plot(PsychIndex1,"PsychIndex ("+Lookback1+")",ParamColor("Color1",colorRed), ParamStyle("Style1",styleLine));

Plot(PsychIndex2,"PsychIndex ("+Lookback2+")",ParamColor("Color2",colorlightOrange), ParamStyle("Style2",styleLine));

Plot(UThreshold,"+UThreshold+",colorGrey40,styleDashed|styleNoTitle); 

Plot(LThreshold,"+LThreshold+",colorGrey40,styleDashed|styleNoTitle);

_SECTION_END();

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